Here are the 10-K annual reports from Shorepower Technologies (SPEV) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow SPEV and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SPEV filings page.
Shorepower Technologies Inc. (SPEV) reported 2025 revenue of $203,655, up from $65,121 in 2024, a 212.7% increase driven by higher product and service sales. Gross margin improved to $120,054 from a prior loss of $12,705, reflecting better pricing and mix.
The company still posted a net loss of $337,094 versus $450,318 in 2024, but cash used in operations narrowed sharply. At December 31, 2025, cash was $15,374, total assets were $54,557, liabilities were $2,053,443, and stockholders’ deficit was $1,998,886, leading the auditor to raise substantial doubt about its ability to continue as a going concern.
Management is relying on grants and equity to fund growth and has secured or is contracting for approximately $1,000,000 in grants toward projects totaling over $1,500,000. After year-end, Shorepower signed a merger agreement with Aeternum Health LLC under which it would divest its transportation electrification operations, shift into longevity-focused healthcare, issue shares giving Aeternum’s owner 51% of common equity plus 2,000,000 Series B preferred shares, and receive at least $1.5 million in cash and healthcare assets, subject to customary closing conditions.
Shorepower Technologies, Inc. (SPEV) amended its 10-K to disclose its financial condition and corporate changes. The company reports 48,478,678 shares outstanding and a stockholders' deficit with a reported deficit balance and accumulated losses that raise substantial doubt about its ability to continue as a going concern. Cash generation is minimal and revenue is described as limited.
Material items include related-party debt and accrued compensation to management (multiple notes with balances and accrued interest), a $660,000 pre‑merger financing comprised of units (one share plus one warrant) with warrants exercisable at $0.25, 2,000,000 Series B preferred shares and 26,089,758 common shares issued to Jeff Kim, and operating assets of Shorepower including 60 TSE facilities with ~1,800 electrified parking spaces.